BTC.D Bitcoin Dominance )Weekly Chart Analysis :

🧭 Chart Structure:

Type: BTC Dominance (% of total crypto market cap held by Bitcoin)

Pattern: Ascending Parallel Channel

Upper Line = Resistance (U-L-R) – Currently testing near 65.5%

Lower Line = Support (L-L-S) – Trendline support near 62%

🔍 Key Observations:

Trend: Strong bullish momentum; BTC dominance is increasing steadily.

Current Position: At/near channel resistance (~65.5%–66%)

Volume: Rising dominance often corresponds with altcoin underperformance (capital rotation into BTC).

📌 Interpretation:

If BTC.D breaks above the channel → Expect altcoins to bleed more, BTC may continue outperforming.

If rejected at resistance → Possible altcoin relief rally, short-term BTC underperformance.

🎯 Summary:

BTC Dominance is in a strong uptrend, signaling BTC strength over altcoins.

At a critical resistance zone; watch for breakout or rejection.

NFA